Easy Decision Making

I'm a visual person as you have no doubt realised reading this blog. A picture is worth a MILLION words. I want to react to events and take in the information as quickly as possible. A picture does it for me. Numbers are for analysis.

In this quest, I create visual aides that show me in a direct way things that I may need to pull together from other sources. The chart below is the ELmom on MarketDelta. Here the information is being really pushed at me. I can almost trade RED light, GREEN light.

Using little tricks to make it easy to react quickly and consistently can be a good idea for some of us, especially if you like systematic trading. You can build "either... or" scenarios into the indicator so that it gives you a big part of the picture as a conclusion. The computer can help a lot more than I thought. Developing Flo helped me find a lot of things I can use in discretionary trading.

Even if I get the context wrong and take every trade, the methodology is robust enough to leave me GREEN on most days. BTW, we have improved Flo's code and the chart below reflects that improvement. As Kiki is getting a better handle on RTL, she's making more headway. We are now looking to add some more stuff from inside the bar. If we could use the eSignal data for analysis and, at the same time, broker data for trading, we'd be live on Monday. As it is, we'll be using the MultiChart version until MarketDelta upgrades their software.  As soon as we finish the next phase of live testing, we'll set up the GoToWebinar.